Can I retire at age 45 with 6,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$561,538$556,536$551,656$546,893$542,242$527,848
2 years$277,989$272,812$267,794$262,929$258,210$243,810
3 years$183,485$178,285$173,280$168,461$163,819$149,862
4 years$136,242$131,059$126,104$121,367$116,837$103,431
5 years$107,904$102,752$97,862$93,221$88,818$75,999
6 years$89,018$83,904$79,087$74,550$70,279$58,060
7 years$75,534$70,463$65,722$61,292$57,155$45,537
8 years$65,425$60,400$55,737$51,416$47,416$36,393
9 years$57,566$52,589$48,006$43,795$39,931$29,493
10 years$51,283$46,354$41,853$37,752$34,023$24,157
11 years$46,146$41,267$36,847$32,855$29,261$19,952
12 years$41,868$37,039$32,701$28,819$25,357$16,588
13 years$38,251$33,472$29,216$25,442$22,112$13,865
14 years$35,153$30,425$26,250$22,585$19,383$11,639
15 years$32,471$27,794$23,701$20,142$17,066$9,805
16 years$30,127$25,500$21,488$18,035$15,083$8,284
17 years$28,060$23,485$19,553$16,204$13,374$7,016
18 years$26,225$21,701$17,850$14,603$11,891$5,955
19 years$24,585$20,112$16,341$13,195$10,599$5,062
20 years$23,111$18,689$14,997$11,951$9,467$4,310
21 years$21,779$17,408$13,794$10,846$8,472$3,674
22 years$20,570$16,250$12,713$9,862$7,594$3,135
23 years$19,467$15,198$11,738$8,981$6,817$2,677
24 years$18,458$14,240$10,856$8,191$6,127$2,288
25 years$17,531$13,364$10,055$7,481$5,514$1,957
26 years$16,677$12,560$9,325$6,840$4,966$1,674
27 years$15,888$11,820$8,659$6,261$4,478$1,433
28 years$15,156$11,138$8,050$5,736$4,040$1,227
29 years$14,476$10,507$7,491$5,260$3,648$1,051
30 years$13,842$9,923$6,978$4,828$3,296$901
31 years$13,250$9,381$6,505$4,434$2,980$772
32 years$12,697$8,876$6,070$4,075$2,696$662
33 years$12,178$8,406$5,667$3,747$2,440$568
34 years$11,690$7,967$5,295$3,448$2,209$487
35 years$11,232$7,556$4,950$3,174$2,001$418
36 years$10,800$7,172$4,631$2,923$1,813$358
37 years$10,392$6,812$4,335$2,693$1,643$307
38 years$10,007$6,474$4,059$2,482$1,489$264
39 years$9,642$6,156$3,803$2,289$1,351$226
40 years$9,297$5,857$3,565$2,111$1,225$194
41 years$8,969$5,575$3,342$1,948$1,111$167
42 years$8,657$5,309$3,135$1,798$1,009$143
43 years$8,361$5,059$2,942$1,659$915$123
44 years$8,079$4,822$2,762$1,532$831$105
45 years$7,811$4,598$2,593$1,415$754$90
46 years$7,555$4,387$2,435$1,307$685$78
47 years$7,310$4,186$2,288$1,208$622$67
48 years$7,076$3,996$2,150$1,116$565$57
49 years$6,853$3,816$2,021$1,031$513$49
50 years$6,639$3,645$1,900$953$466$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $6,800,000, adding $5,746 every year, while hoping to spend $59,636 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 46/32/22 Blend
44$6,800,000$6,800,000$6,800,000$6,800,000
45$7,499,527$7,139,127$7,033,727$7,796,966
46$8,201,027$7,425,492$7,205,905$8,292,700
47$8,972,080$7,723,890$7,381,851$8,823,874
48$9,819,720$8,034,848$7,561,631$9,398,962
49$10,751,692$8,358,916$7,745,306$10,022,092
50$11,776,531$8,696,670$7,932,941$10,697,796
51$12,903,642$9,048,711$8,124,599$11,431,060
52$14,143,384$9,415,668$8,320,343$12,227,360
53$15,507,171$9,798,199$8,520,237$13,092,717
54$17,007,582$10,196,990$8,724,344$14,033,753
55$18,658,473$10,612,760$8,932,728$15,057,748
56$20,475,113$11,046,261$9,145,450$16,172,708
57$22,474,325$11,498,278$9,362,572$17,387,439
58$24,674,644$11,969,632$9,584,157$18,711,628
59$27,096,497$12,461,182$9,810,265$20,155,930
60$29,762,387$12,973,828$10,040,956$21,732,069
61$32,697,112$13,508,507$10,276,290$23,452,945
62$35,927,996$14,066,203$10,516,325$25,332,752
63$39,485,148$14,647,943$10,761,118$27,387,110
64$43,401,743$15,254,802$11,010,725$29,633,211
65$47,714,338$15,887,904$11,265,201$32,089,976
66$52,463,214$16,548,425$11,524,599$34,778,231
67$57,692,759$17,237,595$11,788,970$37,720,903
68$63,451,884$17,956,701$12,058,364$40,943,228
69$69,794,485$18,707,088$12,332,828$44,472,991
70$76,779,953$19,490,166$12,612,408$48,340,782
71$84,473,730$20,307,406$12,897,146$52,580,278
72$92,947,934$21,160,352$13,187,084$57,228,565
73$102,282,029$22,050,615$13,482,257$62,326,475
74$112,563,584$22,979,884$13,782,701$67,918,972
75$123,889,095$23,949,923$14,088,446$74,055,574
76$136,364,894$24,962,581$14,399,521$80,790,808
77$150,108,157$26,019,792$14,715,949$88,184,728
78$165,248,006$27,123,578$15,037,750$96,303,472
79$181,926,726$28,276,057$15,364,938$105,219,884
80$200,301,114$29,479,446$15,697,526$115,014,192
81$220,543,952$30,736,063$16,035,517$125,774,763
82$242,845,642$32,048,337$16,378,913$137,598,932
83$267,415,999$33,418,807$16,727,709$150,593,910
84$294,486,237$34,850,134$17,081,892$164,877,793
85$324,311,143$36,345,100$17,441,446$180,580,671
86$357,171,490$37,906,621$17,806,345$197,845,845
87$393,376,681$39,537,745$18,176,557$216,831,175
88$433,267,673$41,241,665$18,552,042$237,710,562
89$477,220,194$43,021,725$18,932,754$260,675,581
90$525,648,287$44,881,423$19,318,634$285,937,282
91$579,008,223$46,824,422$19,709,618$313,728,172
92$637,802,801$48,854,559$20,105,631$344,304,402
93$702,586,102$50,975,848$20,506,585$377,948,175
94$773,968,714$53,192,494$20,912,385$414,970,399
95$852,623,495$55,508,898$21,322,922$455,713,615
96$939,291,928$57,929,671$21,738,076$500,555,215
97$1,034,791,118$60,459,637$22,157,715$549,910,996
98$1,140,021,504$63,103,852$22,581,691$604,239,073
99$1,255,975,364$65,867,606$23,009,843$664,044,191
100$1,383,746,174$68,756,442$23,441,996$729,882,477